The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-06-12
MEMPHIS DAILY APPEAL. SUNDAY, JUNE u, 1887.

utes tradinF. During the first hour July
held steady around SSIs9S6c. June opened
q. go and sold up TO g. 10 In the same time.
n sdO. pS Ssel a. n. very Sps sSs, ' So the
after ii o'clock the crow OF "tsilers-on,"
who usual try 20 get even on the market
during the last half Of the SAturd ~ session,
began 70 sell little wheat. II was soon
scramble 20 sell followed, which aim st
resulted in a panic and sent prices for the
active option July of nearly &c. The usual
indispo.ition 20 sarry aoy trades open over
Sunday had 4 marked JAY down to S5SS, be-
fsTe the panic commenced, but when lair
quantities Of wheat were offered Tor sale
prices slid downward very rapidly from $3.50
down TO &xo, the decline was cont nuous
and huctuatcps were fully &c each time st
&l[c there was q halt and priee' sdysnced
July went down to SSkc, butrallied to $40,
aud besAme measurably tteidy around
S}Ho. All Of the other options declined in
tbs same ratio except June. This option was
hardly thought Of, aud the general ruin 10
&c to Jupe, II declined from e21Sc TO 92%c.
The third break in July wheat occurred less
thau halt an hour before the board clio sed.
July held fairly SIC dy around 9]hc 70
some time, but, as on the two prsvi.
to the msrfst aud prices again b,ofs Oh
The last break sent July down to s25tc, or
nearly 40 below the prices prevailing at the
open ing OF the board. Just before the close
the CLIQUE began to buy, and prices ran up
ssp1dy rST S' f oSy S Ess sISi9
ak cars of wheat were inspected tsdIy, and
vessel room r 62l G. % bushels was engaged.
Corn ruled fairly active, with the feeling de-
cidedly weaker. There was considerable
decline in wheit, had depressing effect.
The market opened at about the closing
figures Cf yesterday, was tame for tine,
then ruled weak, deelin ing with slight duo
tuations, and closed zgssc lower thaa yes.
s si5SnY a. !s SssGed oats at % $sSs All and and
weak. Speculative orders were rather
light aud the other markets seemei
to attract the attention Of the operators.
Cash quotations were as follows: Flour
nothing doing and market quiet WITHOUT
s spring wheat, $50; No. 2red,; 92c; No. 2
corn, SIC; No. 2 oats, 2ic; No. 2 rye, 5SlSc;
No. 2 barley, 59c; Mol aaxseCd, 81 1917;
prime timothy seed, 81 ". The ad-
~ n future: ranged as 59!lO VS. w lSs'
loves. els4c,. closing at 924c;. July opened
at $3.50. highest 86lkc, lowest S2%c,
closing at S3Nc; August opened at Sl16c,
highest S2hc, lowest 7s19c closing ~
SS03Sc; .Septem ser opened at Slbc, his hest
SlAc, lowest 1870, closing at 8O3sc. Corn,
lowest 80, closing az S7iSc; July opened at
$3.50, b ghest SSISc, lowest $50, closing at
Ss1sc; August opened at 391$c, highest SylSc,
lowest 39lsc, closing at 39l4c; september
opened at.401sc, highest 4O1sc, lowest 4Oc,
closing at 4Ohc Oats, No. 2-June opened at
$3.50. highest 25sSc, lowest 21Sc, closing at
25hc: July opened at 26Ac, highest 26l. low
est e5Jse, CLOSING at 255sc; August opened ut
2l2sc, highest 2o1ac. lowest 25e, closing at
25lIc; September opened at 251sc, highest
6bag. IOXast AISc. clOsinp NJ D41sp. Raca,tta
Flour, II, 0C0ibrls; wheat, 10000 bu; corn,
l05, 900 bu; oats, 100000 bu; rye, 1000 bu
barley, 800 bu. Shipments-Flour, Il, 900
brls: wheat, "A, 900 bu; corn, 245 900 bu; oats,
29), 900 bu; rye, none; barley, 1000 bu.
BALTIMORE, MD, June 1l.-Wheat-
lower, closing dull Corn lower and du |.
Oats easier ana dull. Receipts-FIour, 1881
brls; wheat, $50 0 bu; corn, 5000 bu; oats,
! 900 ,bu; rye. so Blu. Shipments-Flour,
8, 9l3 brls.